Foundation Giving Reaches Record $54.7-Billion, Report Says

By Drew Lindsay
Senior Editor, Special Projects

November 6, 2014

America’s foundations distributed an estimated record $54.7-billion in 2013 and appear on track for continued growth in 2014, according to a new report.

Despite an uncertain economy, the surging stock market boosted assets of many foundations last year and spurred creation of new charitable trusts, according to Steven Lawrence, author of the report and the research director at the Foundation Center. Foundation giving has climbed 17 percent since 2008.

The report, Key Facts on U.S. Foundations, predicts that foundation giving will grow a few points ahead of inflation in 2014.

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About the Author

Drew Lindsay

Senior Editor, Special Projects

Drew is a longtime magazine writer and editor who joined the Chronicle of Philanthropy in 2014. He previously worked at Washingtonian magazine and was a principal editor for Teacher and MHQ, which were both selected as finalists for a National Magazine Award for general excellence. In 2005. he was one of 18 journalists selected for a yearlong Knight-Wallace Fellowship at the University of Michigan.